At 80 US cents, the loonie is up 10% since May: Who wins and who loses?
 

For the first time in a few years, the Canadian dollar broke briefly above 80 cents U.S. today.
Eric Sorensen examines what's powering the loonie's ascent and what it says about the economic outlook for Canada.

It was only two months ago that the loonie was worth a mere 73 cents U.S. How things have changed since then.

The Canadian dollar has been hovering around 80 cents U.S. for the past week or so, a remarkable 10 per cent climb since May.

READ MORE: Loonie hits 80 cents U.S., first time in 2 years | Globalnews.ca


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#thanksdonaldtrump :pimp

Canadian exporters make more money when the Canadian dollar is weaker than the US Dollar.

Canadian buyers spend more money when the Canadian dollar is weaker. Goods and services from the US cost more.

Love it ....

My 60K US condo renovation justy costing me 10% less ...

The value of the condo, ifd I sell, just worth a 10% premium in CAD $


WIN-WIN ( real winning ... not the POTUS kind ) .

sucks as far as I'm concerned. Don't like the interest increase either.

Bad for us - we bill in USD, but take salaries in CND.

I'm sure it will all equal out in the end.

Ray
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